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Jan 1, 2013
01/13
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country prepares to welcome and -- welcome in a new tor, time is running out avoid the fiscal cliff. news of an agreement between the came inuse and senate last 90 minutes. we have been following the twists and turns. this does not mean that a deal done, right? >> it has been reached behind closed doors. we are at 0 hours. 58 minutes until we go over the fiscal cliff. there has been a lot of light breaking developments. deal has beena reached that would stop the big that would be enacted across the board if we over the fiscal cliff. this is a live picture from the capital. been a flurry of activity tonight. this still addresses some of the about to happen -- the deal addresses some of to happen asbout well. the vice president walked past d was asked if a deal had been reached. here's what happened. >> happy new year. >> do you have a deal? >> happy new year. >> happy new year. he would not answer the question. that he was smiling is taken as a good sign. e deal that has reportedly reached keeps taxes the every one making $450,000 or less. it also appears this avoids the to defense an
country prepares to welcome and -- welcome in a new tor, time is running out avoid the fiscal cliff. news of an agreement between the came inuse and senate last 90 minutes. we have been following the twists and turns. this does not mean that a deal done, right? >> it has been reached behind closed doors. we are at 0 hours. 58 minutes until we go over the fiscal cliff. there has been a lot of light breaking developments. deal has beena reached that would stop the big that would be enacted...
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Dec 28, 2012
12/12
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KTVU
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plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is wh
plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early...
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Dec 31, 2012
12/12
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WJLA
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the sport's version of the fiscal cliff. >> still have a chance to change the new year's eve forecast. >> it will be dry, that is the good news. you will want to bundle up. old town alexandria -- temperatures will be in a 30's. tomorrow, a little bit of a wintry mix south of d.c. colder air is on the wave. >> it feels better than last year, so we will take it. >> abc world news is coming up next.
the sport's version of the fiscal cliff. >> still have a chance to change the new year's eve forecast. >> it will be dry, that is the good news. you will want to bundle up. old town alexandria -- temperatures will be in a 30's. tomorrow, a little bit of a wintry mix south of d.c. colder air is on the wave. >> it feels better than last year, so we will take it. >> abc world news is coming up next.
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Dec 30, 2012
12/12
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WJLA
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this was a critical day in the talks to avoid that fiscal cliff. tonight, the news is not good. negotiations are at a stand fall. autria godfrey has been following developments all day long. >> just a short time ago we were told that talks to to a screeching halt. vice-president joe biden talking with the senate republican leader mitch mcconnell this afternoon. perhaps proof of how dire the circumstances are, president obama took to the sunday show, potentially setting when we careen off the cliff, and in congress. less than 48 hours from falling off the cliff, president obama is putting the blame on republicans. >> the offers i have made them are so fair that a lot of democrats get mad at me. >> on his first sunday show appearance since 2009, the president said just a day ago that he was optimistic that a short-term deal could be reached. now, not so much. >> what we're seeing here is a monumental failure of presidential leadership. >> the better back-and-forth continues to be over how to cut spending and what the income threshold to be for who gets a tax hike. >> what i am arg
this was a critical day in the talks to avoid that fiscal cliff. tonight, the news is not good. negotiations are at a stand fall. autria godfrey has been following developments all day long. >> just a short time ago we were told that talks to to a screeching halt. vice-president joe biden talking with the senate republican leader mitch mcconnell this afternoon. perhaps proof of how dire the circumstances are, president obama took to the sunday show, potentially setting when we careen off...
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Dec 29, 2012
12/12
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. >> just three days until the so- called fiscal cliff, and there are new developments on the road to a deal. richard reeve has been following all of the twists and turns. while there is still nothing concrete, both sides are talking? >> that is right democratic and republican leaders are trying to broker a last-minute deal to allow a rank-and-file vote sunday, the radically house members back in session sunday night would look but time is running out. as the fiscal cliff deadline approaches -- >> i cannot believe we got this close. >> the sign of the times reflecting most americans' frustrations. >> sit down, go into a room, and don't come out until you take care of this. >> the fallout with no deal. and every american's tax rates are going up. every american's paychecks will get a lot smaller. >> friday, president obama and congressional leaders met about an hour and agreed to keep talking. >> it is constructive and it is getting done. we will see. >> this eveleaders in the senate are signaling they are ready to compromise. >> i'm hopeful and optimistic. and if there were is no deal
. >> just three days until the so- called fiscal cliff, and there are new developments on the road to a deal. richard reeve has been following all of the twists and turns. while there is still nothing concrete, both sides are talking? >> that is right democratic and republican leaders are trying to broker a last-minute deal to allow a rank-and-file vote sunday, the radically house members back in session sunday night would look but time is running out. as the fiscal cliff deadline...
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Dec 27, 2012
12/12
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KPIX
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teetering off the "fiscal cliff." can a deal be reached by the new year? >> plus, an explosive discovery in oakland. what one man found while cleaning out his basement. you won't believe it. >> and breaking news out of the east bay. an officer-involved shooting has roads blocked in one neighborhood and we're just moments away from a police update. ,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. what happened? me and jason came back with drinks and all 20 nuggets were gone. we got nugged. there was a nugging. this g
teetering off the "fiscal cliff." can a deal be reached by the new year? >> plus, an explosive discovery in oakland. what one man found while cleaning out his basement. you won't believe it. >> and breaking news out of the east bay. an officer-involved shooting has roads blocked in one neighborhood and we're just moments away from a police update. ,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start...
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Dec 27, 2012
12/12
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well, baby new year may end up going over the "fiscal cliff" with the rest of us. >> we are a few days away from the deadline. we have heard a lot about this over the last few weeks but cbs 5 reporter grace lee tells us about another downside that has to do with milk. >> reporter: if we can go over the price of milk will go up significantly because a farm bill that's about to expire and the closer we get the more likely that political analysts believe that we will go over the "fiscal cliff." so by next week could you start seeing your grocery store bills skyrocket and your paychecks plummet. the president is inding his hawaii have a -- ending his hawaii vacation early and returning tonight. >> wonderful to see all of you. merry christmas to everybody. >> reporter: congress is also coming back from a winter break tomorrow. and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going ov
well, baby new year may end up going over the "fiscal cliff" with the rest of us. >> we are a few days away from the deadline. we have heard a lot about this over the last few weeks but cbs 5 reporter grace lee tells us about another downside that has to do with milk. >> reporter: if we can go over the price of milk will go up significantly because a farm bill that's about to expire and the closer we get the more likely that political analysts believe that we will go over...
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Dec 29, 2012
12/12
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we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our culture has gone in some direction where we feel like if we took a break we'd be considered irrelevant in the workplace and they don't need me. >> reporter: cary umhau's firm spacious is trying to re- introduce the idea of play to the workplace. tech companies have embraced play for years. at google employees get one day a week to work on their own projects. gmail and google news were born from that free time. >> in
we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how...
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Dec 30, 2012
12/12
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richard reeve, abc 7 news. >> in addition to working on a deal on the fiscal cliff president obama has ordered 50 u.s. troops to the african country of chad to help evacuate american citizens and embassy personnel from the neighboring countr rebel forces are approaching the city. the president said it is a deteriorating security situation. the evacuation comes in the wake of criticism of the obama administration's in telling -- handling of the situation in libya. >> former president george h. w. bush is out of the intensive care unit into a regular hospital room tonight. he had been in the hospital since november 23 from a bronchitis-related costs. he was moved to intensive care before christmas after developing a fever. he is the country's oldest living president. >> new information into a plane crash that killed four people in russia. what happened to another airplane from the same airline just days ago. >> why an attorney for a new town massacre survivor says the state of connecticut is to blame. if >> how of >> we're learning more tonight about the crash of a russian airplane in mo
richard reeve, abc 7 news. >> in addition to working on a deal on the fiscal cliff president obama has ordered 50 u.s. troops to the african country of chad to help evacuate american citizens and embassy personnel from the neighboring countr rebel forces are approaching the city. the president said it is a deteriorating security situation. the evacuation comes in the wake of criticism of the obama administration's in telling -- handling of the situation in libya. >> former president...
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Dec 29, 2012
12/12
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WJZ
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we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how times have changed. as companies slashed jobs during the great recession worker productivity surged, today, many people are doing the job multiple people once did. >> i think our culture has gone in some direction where we feel like if we took a break we'd be considered irrelevant in the workplace and they don't need me. >> reporter: cary umhau's firm spacious is trying to re- introduce the idea of play to the workplace. tech companies have embraced play for years. at google employees get one day a week to work on their own projects. gmail and google news were born from that free time. >> in
we'll be monitoring those fiscal cliff negotiations, and we'll have news and analysis. we'll also a look back at the year in stocks, and s&p's sam stovall joins us to pre-view what's next for the markets in the year ahead. it could be one of the biggest trends in business next year: companies setting aside time for their employees to play. ruben ramirez explains. >> reporter: it may be hard to remember those hot summer days on the playground. the freedom to let your mind wander. how...
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Dec 27, 2012
12/12
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. >>> as the new year perhaps, so does the deadline for the so- called fiscal cliff and tonight a new development. house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be elimi
. >>> as the new year perhaps, so does the deadline for the so- called fiscal cliff and tonight a new development. house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional...
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Dec 27, 2012
12/12
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KGO
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how starbucks is taking a public stand on looming fiscal cliff. >> i'm michael finney. did you receive a new tv over the holidays? coming up, best money-saving options for a home theater system. (;ñ;ñ;ñ;ñ;ñ$x >>> church supposed dob a save haif yerngs a place to worship in peace. >> an east bay mother is in the hospital after protecting her children fromhc a stray bullet. she's talking with abc 7 news about this ordeal. >> nick smith joins us live with the story. nick? >> cheryl, dan, good evening. maria is expected to survive her injuries. she expected them to learn a lesson about the christmas holidays. instead, her children sought mother, shot, hit by a stray bullet. maria has a frightening story to tell. >> we're at church with my daughter and people passed by shooting at church. >> she spoke to me from hervhlé hospital bed, shaken by the scene of events plague out on monday night. >> i look back and saw a bullet coming at my son's head. i threw myself over my son. >> the reverend was selling -- telling a 4i whe when... >> boom, boom.'h7qsç we had to stop t
how starbucks is taking a public stand on looming fiscal cliff. >> i'm michael finney. did you receive a new tv over the holidays? coming up, best money-saving options for a home theater system. (;ñ;ñ;ñ;ñ;ñ$x >>> church supposed dob a save haif yerngs a place to worship in peace. >> an east bay mother is in the hospital after protecting her children fromhc a stray bullet. she's talking with abc 7 news about this ordeal. >> nick smith joins us live with the...
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Dec 29, 2012
12/12
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captions by: caption colorado comments@captioncolorado.com >> glor: tonight, fiscal cliff hanger. >> the hour for immediate action >> here. it is now. >> glor: president obama speaks to the nation after speaking with congressional leaders. reports from major garrett and .ancy cordes. elaine quijano on the family heartbreak after russia's president bans all adoptions to americans. >> we ask president putin, please, can he set an alternate means but don't let me children suffer. >> glor: he met saddam hussein and made it look easy. david martin on the death of general norman schwarzkopf and what the world did not know thout him. and "on the road" with steve hartman as a man tries to save his wife of 56 years. an unusual request that gets a unrprising response. >> got two of them and i only need one. captioning sponsored by cbs
captions by: caption colorado comments@captioncolorado.com >> glor: tonight, fiscal cliff hanger. >> the hour for immediate action >> here. it is now. >> glor: president obama speaks to the nation after speaking with congressional leaders. reports from major garrett and .ancy cordes. elaine quijano on the family heartbreak after russia's president bans all adoptions to americans. >> we ask president putin, please, can he set an alternate means but don't let me...
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Dec 27, 2012
12/12
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FBC
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basically blaming the republicans for no deal on the fiscal cliff. a news alert for you now. a new number from apple today showing exactly what tim cook made this year. he brought in $4.17 million that includes his base pay and incentives and that is down 99% from the $370 million team made last year. apple chief didn't get any stock awards this year, apple languishing above $500 a share. please check out this video, a real life iron man, and exoskeleton that gives that person, paralyzed people the ability to walk. a lot is banked on military research. dr. mark siegel is here with the story. i want to see if i have got this right. >> you always have it right. stuart: an exoskeleton is essentially a robot. a paralyzed person wears this robot, there's a backpack of some sort. >> not exactly. this is a big game change iran's big business. these things are running between one hundred and 1 forty thousand dollars. there are 30 run the country, 30 centers run the country and within a year or two they are going to be in the home and that is going to be huge. they allow a paralyzed p
basically blaming the republicans for no deal on the fiscal cliff. a news alert for you now. a new number from apple today showing exactly what tim cook made this year. he brought in $4.17 million that includes his base pay and incentives and that is down 99% from the $370 million team made last year. apple chief didn't get any stock awards this year, apple languishing above $500 a share. please check out this video, a real life iron man, and exoskeleton that gives that person, paralyzed people...
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Jan 1, 2013
01/13
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WJLA
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. >> yeah, among them the fiscal cliff which we have all gone over at least technically speaking, but an overnight vote in the senate is a step towards fixing that. >> new details about the condition of secretary of state hillary clinton and the precarious place where doctors found her blood clot. >> all right, on this new year's day college football's biggest bowl games get under way. if the action late last night is anything to go by we have a lot of excitement awaiting us. >>> good morning, happy new year, everybody. i'm john muller in for rob nelson. >> i'm paula faris. happy new year, everyone. what better way to start off than scenes from new york. more than a million folks crowding into times square, to see the famous ball drop welcoming in 2013 but you wouldn't know anything special happened now because look at this. everybody has gone home and almost all of that confetti has been cleaned up. they are quite on top -- >> by the time the sun comes up, that will be clean. out in seattle hundreds of thousands gathered to watch the fireworks at the space needle. fireworks launched
. >> yeah, among them the fiscal cliff which we have all gone over at least technically speaking, but an overnight vote in the senate is a step towards fixing that. >> new details about the condition of secretary of state hillary clinton and the precarious place where doctors found her blood clot. >> all right, on this new year's day college football's biggest bowl games get under way. if the action late last night is anything to go by we have a lot of excitement awaiting us....
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Dec 29, 2012
12/12
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cliff, the partisan rhetoric reaches new lows. can washington hammer out a deal before it's too late. the american people should be outraged at this because it is disgraceful. it is purposely misleading. >> shocking developments at the state department. the four officials supposedly out of their jobs after the benghazi terror attack reportedly still on the government payroll. how can that be? [chanting] protect the constitution. >> the liberal "new york times" says last month's election significantly weakened the tea party. is that true? we will have a debate. chanting] >> u.s.a. >> caution, you where to enter the no spin zone. the factor begins right now. >> i'm greg gutfeld in for bill o'reilly. thanks for watching us. our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cli
cliff, the partisan rhetoric reaches new lows. can washington hammer out a deal before it's too late. the american people should be outraged at this because it is disgraceful. it is purposely misleading. >> shocking developments at the state department. the four officials supposedly out of their jobs after the benghazi terror attack reportedly still on the government payroll. how can that be? [chanting] protect the constitution. >> the liberal "new york times" says last...
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Dec 27, 2012
12/12
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WMAR
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starbucks will tackle the fiscal cliff one cup at a time. the ceo how old shut wants workers in the -- howard schultz wants workers in the d.c. area store to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> if people would get in the room and lee their ego behind and not be so skewed towards the party but be so sensitive to the lens of the american people, we will have an agreement. >> now this is just a suggestion from the ceo of starbucks. and employees won't be forced to write anything but a customer's name on the cup. >>> news around the nation this morning, hawaii's governor announced lieutenant governor will fill the u.s. senate seat vacated by the death of daniel inouye. he has said he'll be in d.c. today sworn today in. he says he will seek election for a full term in 2014 but a special election will be held to fill that spot until 2016. inouye was the second longest serving u.s. senator of all time. >>> toyota
starbucks will tackle the fiscal cliff one cup at a time. the ceo how old shut wants workers in the -- howard schultz wants workers in the d.c. area store to write come together on the coffee cups they serve today and tomorrow. he says it's the company's way of respectfully telling politicians they need to find common ground. >> if people would get in the room and lee their ego behind and not be so skewed towards the party but be so sensitive to the lens of the american people, we will...
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Dec 27, 2012
12/12
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we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of representatives might come back, but democrats say the only hope we have of something getting through the house, the senate and the white house may be a very last-minute deal. cnn radio's lisa is following developments on capitol hill right now. the ball is in senate majority leader harry reid's court it would seem right now, lisa. >> that's right. harry reid and the senate seem to be the only game in town right now with the senate returning today. we also know from sources, ali, that over this christmas break there were no conversations between the president and top-level republican
we're now just five days away from going over the fiscal cliff. happy new year. here's what you might have missed. president obama left hawaii early to get back to washington today. the senate is also coming back from christmas vacation today to work on a deal. now, sources tell us majority leader harry reid will push a scaled-back version of the fiscal cliff package that president obama laid out on friday, which moved the tax hike needle to $400,000. no word yet on when the house of...
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Dec 29, 2012
12/12
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. >>> new developments tonight in the so called fiscal cliff. it's just four days away and we still are waiting to hear if there's a deal in washington. tonight president obama addressed the country in talkses to. there's still no answer, but tonight the president says work is being done. >> congressional leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an agreement can be achieved. let's make sure that middle class families and the american economy and in fact the world economy isn't adversely impacted because people can't do their jobs. >> reporter: harry reid and mitch mccono agreed to spend the weekend working on a fall back plan that can pass both chambers of congress. >> some people will not like it, but that's where we are. >> reporter: president obama is pushing for a stop gap measure that would at least avoid tax increases on people earning less than $250,000. frustration is growing. a simple stop gap percent is not what men -
. >>> new developments tonight in the so called fiscal cliff. it's just four days away and we still are waiting to hear if there's a deal in washington. tonight president obama addressed the country in talkses to. there's still no answer, but tonight the president says work is being done. >> congressional leaders left the white house today without a deal to avoid the fiscal cliff. but the leaders and the president are still trying. >> i'm modestly optimistic that an...
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Dec 27, 2012
12/12
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that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> welcome back. teachers in utah are going to class today. starting at noon today, 200 teachers will be at a conference near salt lake
that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans......
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after the fiscal cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged
after the fiscal cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote...
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Dec 27, 2012
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president obama and congress return to washington today to resume talks on the fiscal cliff. the yen hits a two-year low against the dollar as the new japanese government vow toes battle deflation and weaken the currency. export stocks rise, pushing the nikkei towards it's strongest gain in seven years. >>> and shares in toyota leading the way higher after the japanese automaker settles a class action lawsuit. we are mostly trading higher this morning as european trade gets back under way after the holiday and after boxing day which i got to experience for the first time. ftse 100 up 0.2%. same with the xetra dax. cac 40 up 0.6% and the ibex 35 up .25%. take a look at the bund wall. both yields moving lower. now it's more differentiated. spain and italy, moving a touch higher, but 5.3 and about 4.5% respectively. forex, this seems to be the place where all the action is lately. thaebl probably going to be a theme of 2010, too. the dollar/yen is at its two-year low for the yen against the dollar. down about .1%. the euro/dollar up by .3% this morning. the aussie dollar is roug
president obama and congress return to washington today to resume talks on the fiscal cliff. the yen hits a two-year low against the dollar as the new japanese government vow toes battle deflation and weaken the currency. export stocks rise, pushing the nikkei towards it's strongest gain in seven years. >>> and shares in toyota leading the way higher after the japanese automaker settles a class action lawsuit. we are mostly trading higher this morning as european trade gets back under...
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and avoiding the fiscal cliff. it is another sign of the division and dysfunction in washington d.c. where the common sense concerns of main street america. ac 360 starts right now. >> if you are looking for tonight's breaking news look out the woindow. much of it nasty. the kind of stuff tieing up travel. tornados out of season and out of the blue in your face. >> my god we need to go. it is right there. we have to hurry up and get past it. >> one view of the storm as it moved throughed alabama area. >> my god look that is a tornado. wow. jesus look at that tornado. my god that is cool. jesus please keep your hands on who ever is over there. look at them. that is like two tornados. it is two funnels on the ground. oh lord. look there. wow. oh xgt oh my god look at that. look there is another one it is fix thiing to touch down. we are going to have toged in the bathroom it is coming towards us. in the south like little rock, arkansas they got 9 inches of snow. more than they have seen in 86 years. it is more coming
and avoiding the fiscal cliff. it is another sign of the division and dysfunction in washington d.c. where the common sense concerns of main street america. ac 360 starts right now. >> if you are looking for tonight's breaking news look out the woindow. much of it nasty. the kind of stuff tieing up travel. tornados out of season and out of the blue in your face. >> my god we need to go. it is right there. we have to hurry up and get past it. >> one view of the storm as it...
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Dec 26, 2012
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five days out from the fiscal cliff. we will run the latest scenarios and find out what they could mean for your money. >>> first though as we mentioned, holiday sales on the disappointing side. could this set the sector back in a big way. patrick mckeevers is over at mkm partners. howard toobin is a retail analyst. >> good morning. >> patrick, let me start with you and ask whether this recent set of data, which is essentially capturing the whole season, came as a surprise? because i haven't seen too many tracking polls, so to speak, that would suggest that the season is as weak as this says. >> not a surprise to me. i cover the discount store space so i do cover walmart, target, tjx, so on and so forth. >> what did you see? >> what i saw was pretty weak traffic. a good black friday followed by a pronounced lull in spending. and a decent pickup into the -- into christmas, but just not enough to make up for some of the earlier weakness. target, for example, there was a lot of excitement about the company's partnership wit
five days out from the fiscal cliff. we will run the latest scenarios and find out what they could mean for your money. >>> first though as we mentioned, holiday sales on the disappointing side. could this set the sector back in a big way. patrick mckeevers is over at mkm partners. howard toobin is a retail analyst. >> good morning. >> patrick, let me start with you and ask whether this recent set of data, which is essentially capturing the whole season, came as a surprise?...
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Dec 27, 2012
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. >> 2013 will usher in some new laws. >> lawmakers returning today to tackle the fiscal cliff are being faced with another deadline. >> sprinkles overnight are moving off to the east but t >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i am jennifer franciotti. >> i am sarah caldwell. thanks for joining us for 11 news today. >> the wind is increasing behind the storm. all the melting snow has the roads completely wet. imagine if we were at the freezing mark. we are lucky the temperatures are above freezing. we are close to the freezing mark at sykesville. downtown, 41. we expect the temperatures to hold steady throughout the day. >> that is good news. we noticed more traffic this morning. >> today and tomorrow and next week is new year's. wind warnings are in effect at the bay bridge. prepare for a little bit of extra time. 55 on 295. the entire beltway is up to speed. southbound traffic is a little heavier down towards the capital beltway. 65 on the harrisburg expressway. 48 on the j.f.x. thi
. >> 2013 will usher in some new laws. >> lawmakers returning today to tackle the fiscal cliff are being faced with another deadline. >> sprinkles overnight are moving off to the east but t >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i am jennifer franciotti. >> i am sarah caldwell. thanks for joining us for 11 news today. >> the wind is increasing behind...
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we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of this for us. rich, is there any word what specifically they're discussing in this meeting and whether or not they're making any progress? >> well, diane, the point here is whether or not to amend this bill, to change this bill or bring this bill, the proposal that passed the senate last evening up to the house floor to a vote. this is a decision that house republicans will have to make fairly soon here. they're getting pressure from a number of different folks, especially democrats who say, basically pressure them to hold a vote on it. >> we don't believe that compromise is a dirty word and unfort
we're waiting for the house of representatives to vote on a fiscal cliff deal that the senate passed early this morning. they have been in a conference meeting a little less than an hour. speaker boehner, majority leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of...
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Dec 27, 2012
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the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next, no movement on capitol hill, and there was speculation the white house would send a proposal to capitol hill and that has been denied by an aide to the senate majority leader, harry reid taking to the senate floor saying he thinks it looks like we are headed over the fiscal cliff and he hang that on the house. >> if we go over the cliff and it looks like that is where we are headed the house of representatives, with four days left after the first of the year, are not here with the speaker having told them give them 48 hours notice. i can imagine their conscience
the new year's resolution is not to go for the fiscal cliff. lori: i will just keep saying and be done. tracy: president obama and the senate back in office, senator harry reid is the latest to say it looks like we are headed to tumble over the cliff. let's check with rich edson with the latest. >> tracy will have to come up with a new term. we will be saying this afternoon years. democrats and republicans deck at each other saying it is your turn to make a move, up to you to move next,...
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fall off that fiscal cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message written on your coffee that says come together. this is a company trying to tell the president and lawmakers here they need to come up with some kind of agreement before they go over the fiscal cliff at the end of the year. the senate will be meeting today. this is the first time we have seen legislative business conducted in the weeks between christmas and new years since 1970. the house come back as well but nothing yet. the other thing to consider here the two key players in all of this president obama and republican house sp
fall off that fiscal cliff. the president is cutting his vacation short to return to the white house and try to hammer out a deal. but what will actually happen if we do go over the cliff? doug luzader is live for us with the details. >> it is not going to be pretty. on board air force one heading back to washington from a hawaii after cutting christmas short. can a cup of coffee help as far as christmas is concerned. starbucks is hoping. if you go into a starbucks you will get a message...
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Dec 27, 2012
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avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payrol
avoid the fiscal cliff. president obama is about to end his family vacation in hawaii and will arrive in washington early tomorrow to deal with the tax increases and spending cuts that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for...
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the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the politicians, i think they're pursuing their best strategy right now and that leads us toward that cliff. unless something changes in the next couple of days, most folks now believe that any fix will happen after january 1st. >> the house gop leadership put out a statement yesterday. i want to read part of it for you. it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the presid
the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's...
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david kerley, abc news, washington. >>> and washington's other major problem is the fiscal cliff and yet no resolution just yet. the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed run for the white house. comments coming now from his eldest son. tag romney tells "the boston globe" that his dad never actually wanted the top job and he was reluctantly convinced to run for president. "he wanted to be president less than anyone i've met in my life" is what tag said, direct quote. he went on to say that his father is a very private person who simply does not like attention. that's a stunning remark, the money, the time, the scheduling, the scrutiny, the investment. the people around you who come along for the ride. if you don't really want it, why would you jump and devote two years of your lif
david kerley, abc news, washington. >>> and washington's other major problem is the fiscal cliff and yet no resolution just yet. the deadline for heading off tax hikes and spending cuts is now one week away. congress returns from a short holiday break on thursday and at least one senator expects negotiations to go up until new year's eve. one possibility is a partial deal on taxes and putting off spending for later. >>> also new insight this morning into mitt romney's failed...
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Dec 30, 2012
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to keep us from going over the fiscal cliff, respect senator olympia snowe is saying that it's a bigger sign of a bigger crisis. >> what is deeply troubling is you cannot get congress and the president to reach any agreement on anything. >> the latest on the fiscal cliff negotiations in a few minutes. a 31-year-old woman has been charged with second degree murder as a hate crime in connection with a subway death in new york city. they identified the woman as erica ericamenendez in new york. the victim was a store owner and graphic designer. witnesses described a womani pacing the platform and talking to herself before pushing the victim on the tracks as a train entered the stadium. the video shows a woman running from the scene. a airliner smashed into a highway in russia. four of the crew were killed, no passengers were on board and no one on the highway was injured. it was arriving when it over shot the run way. a lot of celebrating early this morning in portland, maine, the first same sex couple said i do under a new state law that took effect at midnight. they said it's surreal. mai
to keep us from going over the fiscal cliff, respect senator olympia snowe is saying that it's a bigger sign of a bigger crisis. >> what is deeply troubling is you cannot get congress and the president to reach any agreement on anything. >> the latest on the fiscal cliff negotiations in a few minutes. a 31-year-old woman has been charged with second degree murder as a hate crime in connection with a subway death in new york city. they identified the woman as erica ericamenendez in...
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Dec 26, 2012
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we will see if there is a new word there about the fiscal cliff. we found some more winners on the nasdaq. ♪ with fidelity's new options platform, we've completely integrated evy step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. dagen: japan's new prime minister vowing to tighten ties with the u.s. as he works to revive the economy. some worry he will pay little attention to funds needed for growth. how does that sound familiar. the japanese market light to the news. the nikkei trading higher today. let's take a look at the ten year treasury. a gauge of how much work the federal reserve is doing by those very treasuries. it is down a little bit today. four more on that, let's bring in chris aarons from ubs. fisc
we will see if there is a new word there about the fiscal cliff. we found some more winners on the nasdaq. ♪ with fidelity's new options platform, we've completely integrated evy step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious...
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rick: a connection to our founding fathers in the fight over the fiscal cliff. one prominent law school professor is calling for america to ditch the constitution. arthel: new controversy over the death of four americans in libya after the president blames quote sloppy security. we'll speak with former u.n. ambassador john bolton. >> the problem was the right people apparently either didn't make the decision or didn't analyze the intelligence because i think if you looked at the intelligence would you have substantially beefed up the security in that particular mission in benghazi, and it didn't happen sufficiently. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobi
rick: a connection to our founding fathers in the fight over the fiscal cliff. one prominent law school professor is calling for america to ditch the constitution. arthel: new controversy over the death of four americans in libya after the president blames quote sloppy security. we'll speak with former u.n. ambassador john bolton. >> the problem was the right people apparently either didn't make the decision or didn't analyze the intelligence because i think if you looked at the...
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so-called fiscal cliff. the consumer confidence index fell to 65.1 this month down from 71.5 in november. that is the lowest level since august and outlook for the next six months has dropped to its lowest level since 2011. >> continuing to track gas prices across the bay area the average price for a gallon of regular gasoline remains at $3.60 an san francisco this morning. in the east bay the price it in oakland is $3.49 this morning. and in the south bay that average price in san jose is up 2¢ from yesterday at $3.50 a gallon. these prices compare to the state average of $3.52 here in california. >> toyota will pay more than $1 billion to compensate owners over a massive recall from unintended acceleration. millions of vehicles were recalled for faulty floor mats and other issues that coul cause sudden acceleration. alex a zolbert has more from tokyo. >> while the overall some may sound--analyst added that the automaker can handle this. >> it has been trying times ford toyota over the past few years. prod
so-called fiscal cliff. the consumer confidence index fell to 65.1 this month down from 71.5 in november. that is the lowest level since august and outlook for the next six months has dropped to its lowest level since 2011. >> continuing to track gas prices across the bay area the average price for a gallon of regular gasoline remains at $3.60 an san francisco this morning. in the east bay the price it in oakland is $3.49 this morning. and in the south bay that average price in san jose...
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Dec 30, 2012
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there will be a lot more on the fiscal cliff coming up this morning on abc's "this week." charles summer of new york and republican senator john kyle of arizona debate the last-minute efforts. that's coming up at 8:00 this morning on" this week "with george stephanopoulos on abc7. >>> coming up, an attempt to rescue a man that fell into icy water goes horribly wrong as several more people fall in trying to save him. we will tell you what happened next. >>> and the last-minute push is on to prepare for the new year's day tournament of roses parade. find good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. >> an internet scam is thriving this holiday season. what looks like e-mails from friends needing money is far more sinister. the fbi has more than 150,000
there will be a lot more on the fiscal cliff coming up this morning on abc's "this week." charles summer of new york and republican senator john kyle of arizona debate the last-minute efforts. that's coming up at 8:00 this morning on" this week "with george stephanopoulos on abc7. >>> coming up, an attempt to rescue a man that fell into icy water goes horribly wrong as several more people fall in trying to save him. we will tell you what happened next. >>>...
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senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchiti
senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come...
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a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to walk off the job sunday. a strike would shut ports from boston to houston. those ports move as much as 100 million tons of goods each year including everything from flat screen tvs, sneaker and snow shovels. >>> the housing market shows new signs of rebounding. the commerce department says sales of new homes increased by about 4.5% in november from the month before. that's the fastest pace in two years. >>> and that's your moneywatch. for more, stay with cbsmoneywatch.com. back to you. >> thank you. >>> with all the snow falling in the sierra, avalanche concerns are on the minds of many after two people died at resorts this week. cbs reporter neda iranpour asks, what's being done to keep skiers safe? >> reporter: it's one
a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board says its consumer price index fell sharply for the second month. >>> a potential dock worker strike is possible on the east and gulf coast which threatens to cost the nation's economy billions. more than 14,000 longshoremen are ready to walk off the job sunday. a strike would shut ports from boston to houston. those ports move as much as 100...
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Dec 27, 2012
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roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their. >> claire donehower is the assistant principal at the kennedy krieger school in baltimore. she took on another role as a volunteer in a mission to the dominican republic. >> i think it was a unique chance to take my love of working with kids and bring it into a completely different area. >> she was one of 40 volunteers chosen to complete the elementary school in a small village. they did everything from building walls with cinderblocks to painting to stuccoing. but her favorite part was interacting with the community. >> it was such a powerful
roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their....
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Dec 27, 2012
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all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with in-laws because of the weather. south african president nelson mandela is out of the hospital. the 94-year-old will receive home-based care. he is recovering from a lung infection and a procedure to remove gall stones. toyota agreed to a $1.1 billion class action settlement over complaints that cars accelerated without warning. owners of 16 million toyota, lexus and sion vehicles will be eligible depending on the make and the model. what a story that was years ago. with gridlock in capitol hill synonymous, there lessons to be learned from dwight eisenhower's success in working by the opposing part
all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with...
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. >> new concerns about what if any progress is being made on those fiscal cliff talks. south carolina republican nick mulvaney is on the house budget committee and he joins us live, next. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualizes your sleep. the only place you'll find the sleep number bed. a bed w
. >> new concerns about what if any progress is being made on those fiscal cliff talks. south carolina republican nick mulvaney is on the house budget committee and he joins us live, next. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like lerty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the...
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Dec 26, 2012
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the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge today? head to futures now.cnbc.com and vote in our poll. don't forget to check out our next online show that will be tomorrow at 1:00 p.m. scott being barks to you. >>> we'll see you tomorrow at 1:00. right now when "halftime" comes back. we target stocks in the tech world. find out who has what it takes to become number one. >>> first, christmas nightmare. netflix sees outages over the holiday. the bad timing that's putting the stock in our top three trade. "halftime" is coming back right after this. >>> we're halfway through the trading day. still ahead on the half time report, a round of hold 'em or fold 'em. stick around for our final trade, the "halftime report
the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge today? head to futures now.cnbc.com and vote in our poll. don't...
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we will bring you reid's remarks as they happen. >>> as the clock ticks down toward the fiscal cliff, washington has a new worry the debt ceiling, treasury secretary tim geithner says the united states will hit its legal borrowing limit on monday. alison kosik is in new york. i feel like it's groundhog day. >> i know it really is. what's old is new again, right, carol? let me kind of back up the bus here. we start talking about the debt ceiling and i know people's eyes glaze over. let me tell you exactly what the debt ceiling is. it's a cap set by congress of the amount of money the federal government can borrow. right now the ceiling is at $16.394 trillion and treasury secretary tim geithner said earlier this week we could hit that debt ceiling on monday, on new year's eve and the treasury will soon start using what it says are extraordinary measures to keep the government from going over the limit so just to give you an example if you're a government worker, that can mean that investments that go into your pension could be suspended, but that won't even buy much time. the next quest
we will bring you reid's remarks as they happen. >>> as the clock ticks down toward the fiscal cliff, washington has a new worry the debt ceiling, treasury secretary tim geithner says the united states will hit its legal borrowing limit on monday. alison kosik is in new york. i feel like it's groundhog day. >> i know it really is. what's old is new again, right, carol? let me kind of back up the bus here. we start talking about the debt ceiling and i know people's eyes glaze...